Ashcraft, Adam B. (contributor); Bech, Morten L. (contributor) - 2008
The Federal Home Loan Bank (FHLB) System is a large, complex, and understudied government-sponsored liquidity facility … provide evidence on the uses of these funds by the System’s bank and thrift members. Next, we identify the trade-offs faced by … about the respective roles of the various liquidity facilities would be helpful. -- Federal Home Loan Bank ; government …